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Digits Industries Ltd

Transaction: Company Sale

Sector: Technology

Completed: September 2020

Meridian advised the shareholders of Digits Industries Ltd on their sale to LDC backed Ciphr Ltd.

In business since 1993 Digits is a leading provider of e-learning solutions to a blue-chip customer base, with particular focus on automotive, retail and finance sectors. The sale adds Digits specialist toolset to CIPHRs existing HR platform, creating an end to end solution for customers to manage and train staff.

Colin Bull, founder and Managing Director of Digits said, "The Meridian team have been fantastic throughout the whole process. Very supportive and pragmatic and worked closely with Lucy Gleisner at Trethowans to steer me through. Thanks to all of you!"

Commenting on the transaction Philip Mettam, Director of Meridian who led the transaction said: “From initial meetings with Colin it became apparent that there was a strong desire and strategic rationale to bring the two businesses together. Closing a deal during the pandemic created its own unique challenges but all the professionals worked together to find pragmatic solutions to any barriers. This represents a great result not just for the shareholders but also for the team at CIPHR and LDC, and we wish them all the best moving forwards.”

Professional advisers involved included: Trethowans

Sep 18, 2020
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